|Catylist Listing ID:
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|Building Size (RSF):
|Gross Land Area:
||$75,225 Per Unit
|Property Use Type:
|Usable Size (USF):
||Cash to Seller
|Average Occupancy Rate:
Overview / Comments
Two four plexes in downtown Albuquerque - hardwood floors, attractive interiors, although the Seller is interested in selling all 8 units at the same time, the Seller is open to selling each fourplex separately, with the intention of having a similar closing timeframe for each buyer to allow the Seller to complete a 1031 exchange. Based on income, 1300 Coal SW is listed for $283,050 and 1304 Coal SW is listed for $318,750, for a combined ask price of $601,880. Please note comparable sales supports a price closer to $736,000.
Measures of investment performance: 6.94% Cap rate, 10.56 cash on cash, 25.24% before tax IRR and 20.28% after tax IRR.
Tour rescheduled due to rain on 4/25 at noon, email LA for new tour date and offer deadline.
Located just west of downtown Albuquerque, east of the historic Albuquerque Country Club neighborhood north of the Rio Grane Zoo/BioPark and south of Old Town Albuquerque, this location has a walk score of 72, transit score of 45, and bike score of 94.
Attachments & Media
|Finance Data Year
|Potential Rental Income
|Net Operating Income
|Actual or Proforma Year
||SU-2 - Special Neighborhood Zone
|Total Number of Buildings:
|Number of Stories:
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